People's United Financial (PBCT) : Butensky Cohen Financial Security Inc reduced its stake in People's United Financial by 1.1% during the most recent quarter end. The investment management company now holds a total of 136,195 shares of People's United Financial which is valued at $2,191,378 after selling 1,510 shares in People's United Financial , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.People's United Financial makes up approximately 2.07% of Butensky Cohen Financial Security Inc’s portfolio.
People's United Financial opened for trading at $15.67 and hit $16.13 on the upside on Friday, eventually ending the session at $16.09, with a gain of 1.39% or 0.22 points. The heightened volatility saw the trading volume jump to 59,71,844 shares. Company has a market cap of $4,995 M.
Other Hedge Funds, Including , Gw&k Investment Management boosted its stake in PBCT in the latest quarter, The investment management firm added 52,277 additional shares and now holds a total of 1,125,445 shares of People's United Financial which is valued at $18,108,410. People's United Financial makes up approx 0.40% of Gw&k Investment Management’s portfolio. Visionary Asset Management added PBCT to its portfolio by purchasing 158,857 company shares during the most recent quarter which is valued at $2,552,832. People's United Financial makes up approx 0.90% of Visionary Asset Management’s portfolio. Integrated Investment Consultants added PBCT to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $4,821.Exxonmobil Investment Management Inc Tx boosted its stake in PBCT in the latest quarter, The investment management firm added 6,049 additional shares and now holds a total of 75,585 shares of People's United Financial which is valued at $1,214,651. People's United Financial makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.
On the company’s financial health, People's United Financial reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.21.Analysts expectations of $ 329.41.During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on People's United Financial. People's United Financial was Downgraded by Piper Jaffray to ” Underweight” on Apr 22, 2016. Shares were Reiterated by Barclays on Apr 22, 2016 to “Underweight” and Lowered the Price Target to $ 14 from a previous price target of $15 .People's United Financial was Downgraded by Morgan Stanley to ” Underweight” on Apr 5, 2016.
Peoples United Financial Inc. is a savings and loan holding company. It is a holding company for Peoples United Bank (the Bank) a federally-chartered stock savings bank headquartered in Bridgeport Connecticut. The principal business of the Company is to provide through the Bank and its subsidiaries commercial banking retail banking and wealth management services to individual corporate and municipal customers. The Companys operates through three segments: Commercial Banking Retail Banking and Wealth Management. In addition the Treasury area manages the Companys securities portfolio short-term investments brokered deposits and wholesale borrowings. In addition to traditional banking activities the Bank provides specialized financial services: personal institutional and employee benefit trust; cash management and municipal banking and finance.